Inflation’s up… credit card debt tops $1 TRILLION ... and Americans drain 401(K)s to make ends meet…
This article originally appeared in Daily Mail on August 10, 2023
It calls to mind Charles Dickens' famous line – 'It was the best of times, it was the worst of times.'
They can't keep it straight.
While President Biden claims 'Bidenomics is working,' his Vice President Kamala Harris bemoans the fact that '[m]ost Americans are a $400 unexpected expense away from bankruptcy.'
So, which is it?
Here's a clue.
New numbers out Thursday morning showed inflation ticked up to 3.2 percent in July, from 3 percent in June, bucking a 12-month streak of falling consumer price increases.
And right now, only 46 percent of Americans say they could cover an unexpected $400 bill without taking on debt...
Read full op-ed in Daily Mail